28 May 2015

A question about : HELP! Car Allowance vs Company Car

Hello..

I could really do with some help!!

Basically I have been offered a new role with a salary of Ј47000 plus Ј5000 car allowance. In my current position I get a company car and my boss has decided to match the new job offer. The new job will mean I do around 25,000 business miles were as my current role I am doing 30,000+ business miles and I will most likely do 5000 personal miles each year. I am confused on the mileage situation as I currently pay 15p per mile in the company car but in the car allowance do I pay for all the mileage and then claim is back even though I will get a fuel card?? I am bascially wanting to know which offer will be the most financially rewarding?

I know it sounds greedy but I am trying to save as much money as possible before I emigrate in early 2017 and I have recently just bought a house to rent out and trying to organise my finances.

If anyone can help me that would be awesome!

Thanks

Best answers:

  • you would be better off posting this on the Cutting Tax board (this one is for state benefits)
  • If you get a fuel card, what would you be claiming back? Your fuel has been paid for surely?
Category: 
Benefits & Tax Credits
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